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In July 2024, Marathon agreed to a $241.5 million settlement with the US Department of Justice and the Environmental Protection Agency to resolve allegations of failing to obtain required permits at dozens of the company's oil and gas facilities on the Fort Berthold Indian Reservation in North Dakota and releasing thousands of tons of illegal air pollution as a result. [30]
The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011. A Marathon gas station in Murphy, North Carolina. Marathon Petroleum traces its origin from a number of small oil companies in Ohio that banded together in 1887. [4] These formed The Ohio Oil Company established in Lima, Ohio.
Big Oil keeps doing big deals. ConocoPhillips said Wednesday it had agreed to buy Marathon Oil in an all-stock deal worth $22.5 billion, including about $5.4 billion of debt.
Marathon's Detroit refinery has a crude oil refining capacity of 140,000 barrels per day, processing sweet and heavy sour crude oils into products such as gasoline and distillates.
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Unconventional production may entail developing oil sands, directional drilling and-or hydraulic fracturing. "This is a proud moment to look back on what we achieved at Marathon Oil," said ...
Size of this PNG preview of this SVG file: 512 × 416 pixels. ... English: The new logo of Marathon Petroleum, in 2022, and used in their threestores in Ohio, ...